RedShelf, a publishing distribution company that offers products such as an e-reader and a digital content platform, has raised $25 million in a Series C round. The round was led by DNS Capital LLC. Other investors included Tao Huang, COO and CTO of Morningstar, and Rick Lane, CEO of Trading Technologies.
According to a press release, RedShelf will use the new funds to grow its team, work on its products and expand within the higher ed space. RedShelf claims it currently partners with more than 600 campus bookstores and has more than 500,000 digital titles. To-date, the company has raised more than $33 million.
